The New Field of Liquidity and Financial Frictions

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Research Foundation Literature Reviews
June 2012 | Vol. 7 | No. 2 | 37 pages
Source: Research Foundation of CFA Institute
David Adler

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Abstract

Illiquidity and other financial frictions are critical to financial markets and the overall economy. This literature review provides a synopsis of academic research in this rapidly developing specialty field, offering insights into liquidity and asset pricing, systemic risk, macro frictions, and new models of the causes of a liquidity crisis.

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Topics
Economics
    :
  • The Macroeconomics of an Open Economy
|
Equity Investments
    :
  • Equity Market Valuation and Return Analysis
|
Fixed Income
    :
  • Analysis of Credit Risk
|
Portfolio Management
    :
  • Portfolio Concepts from Capital Market Theory
  • ·
  • Risk Management
|
Risk Management
    :
  • Portfolio Risk Management
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